I was reading a well-written article this morning about how national numbers and metrics are by and large meaningless when it comes to trends in real estate and housing. The editor made a good point. How much does activity in Michigan or Tennessee affect your business in Hawaii or California? Yes, there are some markets that are going through similar situations — high foreclosure rates and unemployment, falling prices, etc. — and it’s useful to keep your eye on the nation as a whole, but using averages of such large areas or disparate populations is a recipe for decision-making disaster… Continue reading...
Posts under ‘Market Analysis’
Maui Home Sales for 2010 – Up or Down?
…but can residents find work, too?
Aloha, everyone. I just read this brief article (and its misleading title “Maui home sales are up”) in the Pacific Business News about the recent real estate sales figures for Maui. The overall picture is that while volume is up, median prices are way down. Let’s quickly look at the numbers. Sales of single family homes… Continue reading...
What is My Hawaii House Really Worth?
What's Your House Worth?
With all the talk lately about the housing market (both here in Hawaii and across the nation), robo-signing, the down economy, foreclosures, bank failures and bailouts and who knows what else, you may be wondering what your Hawaii house is really worth. Maybe you are facing a hardship and may need to sell your house quickly or maybe you bought some Hawaii real estate as an investment and are watching your equity shrink. That deal may be a deal… Continue reading...
Trick or Treat for the Hawaii Homebuyer
Haunted Hawaii Housing Market?
It’s a scary world out there sometimes – today’s Hawaii real estate market is no different. If you’re actively shopping for a house, you may find yourself not knowing whether you’re coming or going. Today’s market is full of twists and turns. Where to begin? Which news should you pay attention to and which should you ignore? What’s up with all that foreclosure robot stuff and how does that affect me? Should I stay or should I go?… Continue reading...
Oahu Real Estate Market Rebounding – Don’t Believe the Hype!
So I just had a quick glance at this brief report on real estate in Hawaii. It basically states that the average median price on sold houses and condos on Oahu climbed from July to August. The jump for SFH (single family homes) was over $40K — that’s quite an increase. Of course, it follows that someone is quoted in the article as saying that the increase in median price is a sign of a strengthening market.
I think it’s extremely premature to come to that conclusion. Anyone who has a basic understanding of statistics can tell… Continue reading...
Interesting Article – American Housing Preferences
You look back 10 years, what did you get? A little bit cleaner and deeper in debt.
With apologies to Tennessee Ernie Ford, that’s a brief synopsis of how U.S. home life has changed during the past decade, according to the latest “American Housing Survey,” released last week. Continue reading...
